XML 21 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Leasing revenue $ 850,453 $ 809,023 $ 800,548
Total revenues 918,204 884,068 859,164
Expenses:      
Leasing expense 41,340 36,423 32,670
REIT general and administrative expenses 28,145 29,238 27,164
Depreciation and amortization 294,780 282,361 291,612
Total expenses before interest 753,192 706,489 709,129
Interest (income) expense:      
Interest (income) expense 219,987 172,920 216,851
Gain on extinguishment of debt (14,403) (8,208) 0
Total expenses 958,776 871,201 925,980
Equity in loss of unconsolidated joint ventures (197,352) (156,937) (5,256)
Income tax benefit (expense) 1,300 494 (705)
Gain (loss) on sale or write down of assets, net 38,959 (134,523) 7,698
Net loss (197,665) (278,099) (65,079)
Less net (loss) income attributable to noncontrolling interests (3,545) (4,034) 989
Net loss attributable to the Company $ (194,120) $ (274,065) $ (66,068)
Earnings per common share attributable to common stockholders:      
Basic (in dollars per share) $ (0.88) $ (1.28) $ (0.31)
Diluted (in dollars per share) $ (0.88) $ (1.28) $ (0.31)
Weighted average number of common shares outstanding:      
Basic (in shares) 221,845 215,548 215,031
Diluted (in shares) 221,845 215,548 215,031
Related parties      
Revenues:      
Revenues $ 26,536 $ 27,345 $ 26,236
Interest (income) expense:      
Interest (income) expense (11,264) (24,206) 34,735
Other      
Interest (income) expense:      
Interest (income) expense 231,251 197,126 182,116
Other      
Revenues:      
Revenues 37,937 44,860 30,104
Management Companies      
Revenues:      
Revenues 29,814 30,185 28,512
Expenses:      
Shopping center and operating expenses 82,059 70,060 67,799
Management Companies | Related parties      
Revenues:      
Revenues 17,518 18,144 18,208
Shopping center and operating expenses      
Expenses:      
Shopping center and operating expenses $ 306,868 $ 288,407 $ 289,884